ProShares Ultra Semiconductors (NYSEARCA:USD) Trading 0.9% Higher

ProShares Ultra Semiconductors (NYSEARCA:USD)’s share price traded up 0.9% on Thursday . The stock traded as high as $103.78 and last traded at $103.43. 47,940 shares were traded during trading, a decline of 16% from the average session volume of 56,746 shares. The stock had previously closed at $102.46.

The firm has a 50-day simple moving average of $97.15 and a two-hundred day simple moving average of $77.29.

An institutional investor recently bought a new position in ProShares Ultra Semiconductors stock. UBS Group AG bought a new stake in ProShares Ultra Semiconductors (NYSEARCA:USD) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,410 shares of the company’s stock, valued at approximately $388,000. UBS Group AG owned about 0.50% of ProShares Ultra Semiconductors at the end of the most recent quarter.

ProShares Ultra Semiconductors Company Profile (NYSEARCA:USD)

ProShares Ultra Semiconductors (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones U.S. Semiconductor Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, under normal circumstances, to equity securities contained in the Index and/or financial instruments that, in combination, have similar economic characteristics.

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